South African mobile operator MTN Group said on Thursday its first-half earnings surged 46.5% and it had received a $35 million binding offer for its Afghanistan business, nearing an exit of the Middle East. Without disclosing the buyer, Group Chief Executive Officer Ralph Mupita told journalists on a news call the gross sum of $35 million would be paid over a period of time, and proceeds would be $31 million.
MTN, which operates in 19 markets, reported headline earnings per share, the main profit measure in South Africa, of 567 cents in the six-months ended June 30, up from 387 cents a year earlier. Group service revenue increased 14.8% to R92.5 billion , supported by growth of 4.1% in MTN South Africa, 19.9% in MTN Nigeria and 29.3% in MTN Ghana amid higher demand for data services. Data revenue grew 35.9%, supported by the 14.2% year-on-year growth in active data subscribers and 25.
MTNGroup I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTechSA - 🏆 24. / 61 Read more »